BILL · 2013–14 SESSION · LATEST VERSION SHB 1012

HB 1012: Appraisal mgmt company bond

Increasing the penal sum of a surety bond required to be maintained by an appraisal management company.

Summary

  • Increases the amount of the surety bond that an appraisal management company must maintain from $25,000 to $100,000.
  • Permits the Department of Licensing to accept a cash bond or other security in lieu of a surety bond.

From the Substitute House Bill Report (SHB 1012), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 90, Laws of 2013
  1. IntroducedJan 14, 2013
  2. Out of committeeJan 25, 2013
  3. Passed HouseMar 4, 2013
  4. Passed SenateApr 17, 2013
  5. GovernorMay 1, 2013
  6. LawMay 1, 2013
Prime sponsor
Derek Stanford (D-1)
Introduced
January 14, 2013 in the House
Last action
May 1, 2013
Session law
Chapter 90, Laws of 2013
Budget
Has a fiscal note
Versions
HB 1012, SHB 1012

AN ACT Relating to maintenance of a surety bond for appraisal management companies;

Sponsors

Prime sponsor: Derek Stanford (D-1)

3 co-sponsors (3 Democrats, 0 Republicans)

Votes

House · Final Passage

Passed March 4, 2013
Version voted on: SHB 1012
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat55000
Republican43000
How each member voted

Yea (98)

Senate · 3rd Reading & Final Passage

Passed April 17, 2013
Version voted on: SHB 1012
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat26000
Republican22001
How each member voted

History

  1. Effective date 7/28/2013. (SHB 1012)
  2. Chapter 90, 2013 Laws. (SHB 1012)
  3. Governor signed. (SHB 1012)
  4. Delivered to Governor. (SHB 1012)
  5. President signed. (SHB 1012)
  6. Speaker signed. (SHB 1012)
  7. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1. (SHB 1012)
  8. Rules suspended. Placed on Third Reading. (SHB 1012)
  9. Placed on second reading by Rules Committee. (SHB 1012)
  10. FIHI - Majority; do pass. (SHB 1012)
  11. Passed to Rules Committee for second reading. (SHB 1012)
  12. First reading, referred to Financial Institutions, Housing & Insurance. (SHB 1012)
  13. Third reading, passed; yeas, 98; nays, 0; absent, 0; excused, 0. (SHB 1012)
  14. Rules suspended. Placed on Third Reading. (SHB 1012)
  15. 1st substitute bill substituted. (SHB 1012)
  16. 1st substitute bill substituted.
  17. Rules Committee relieved of further consideration. Placed on second reading. (SHB 1012)
  18. Rules Committee relieved of further consideration. Placed on second reading.
  19. Passed to Rules Committee for second reading. (SHB 1012)
  20. Passed to Rules Committee for second reading.
  21. BFS - Majority; 1st substitute bill be substituted, do pass. (SHB 1012)
  22. BFS - Executive action taken by committee.
  23. BFS - Majority; 1st substitute bill be substituted, do pass.
  24. First reading, referred to Business & Financial Services.
  25. Prefiled for introduction.

HB 1012 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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